Maharashtra state government-owned MAHAGENCO and public sector NTPC have also submitted a joint bid for the plant, which is based near Nashik, two people familiar with the process said. The power plant, a subsidiary of RattanIndia Power, was initially developed by Indiabulls Power and was admitted to insolvency in January following a plea by Shapoorji Pallonji & CoShapoorji Pallonji & Co for non-payment of dues after constructing a part of the plant.
